Lifebeat Family Resource Center

Analysis

Lifebeat Family Resource Center is a registered charity in United States, based in Tiptonville, TN. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lifebeat Family Resource Center reported income of $193k and spending of $253k, spending 131% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $367k to $193k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 74% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Lifebeat Family Resource Center sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 54th percentile within TN. Charities of a similar size with the same main cause include Asociacion Para LA Superacion Del Nino Con Sindrome Down ($193k), Danielle House Inc ($193k) and Wellbeing Collaborative ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $73k. At year end it held assets of $441k against liabilities of $21k, net assets of $420k. It reported 4 employees.